Moody's Rating for Taihua

MOODY'S ANALYTICS RISK SCORE

9

Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.

Taihua Plc is an investment holding company, which engages in the development, production, and distribution of active pharmaceutical ingredients. It operates through the following segments: Paclitaxel, Homoharringtonine, Traditional Chinese Medicine (TCM) product, and Forsythia. The Paclitaxel segment is extracted from the bark of the yew tree (Taxus), which is one of the main-stream treatments for cancer of the ovaries, breast, certain types of lung cancer, and a cancer of the skin, and mucous membranes more commonly found in patients with acquired immunodeficiency syndrome. The Homoharringtonine segment is an alkaloid extracted from the branches and leaves of the Cephalotaxus tree and this drug has been prescribed for acute myeloid leukaemia and other cancers in China. The TCM product has recognition as a viable alternative health treatment and has been recognised by the World Health Organisation for its effectiveness in the treatment of certain forms of illnesses and diseases. The Forsythia segment known as lian qiao in Peoples's Republic of China is a flowering shrub, which primarily sold to alleviate flu and cold like symptoms. The company was founded on August 29, 2006 and is headquartered in Xi'an, China. .